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Oracle conducted a massive workforce reduction drive, affecting thousands of employees globally across divisions and roles.
Oracle's recent layoffs affected up to 30,000 employees globally across divisions.
KEY POINTS
- US severance pay is four weeks' base salary for the first year, plus one week per additional year.
- Severance in the US is capped at 26 weeks and calculated from the most recent hire date.
- Indian employees receive 15 days' salary per year of service, two months' fixed salary, and extra benefits.
COMPANIES
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